Consulting, Consultant

Management Consulting

Chicago, Illinois, United States

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Position Summary

Deloitte Consulting LLP seeks a Consulting, Consultant in Chicago, Illinois and various unanticipated Deloitte office locations and client sites nationally.

Work You’ll Do

Perform reserve analyses, including Statements of Actuarial Opinion, pricing, mergers and acquisitions, financial modeling, economic capital modeling, enterprise risk management, new product development, strategic planning, pricing strategy development, target market assessments, and competitive assessments of coverage and rating. Combine statistics, financial theory, mathematics and business management for the purpose of predicting future events; assess the risk of those events, and help businesses and clients develop policies that minimize the cost of that risk. Develop rating models and factors for new product development and product enhancements, profitability analysis and audit support. Provide insurance and retirement industry insight and analytical support, in accordance with IRS regulations. Assist in designing and evaluating employee benefit programs; determine the adequacy, funding requirements, and financial impact of these plans, and ensure compliance with government regulations and financial accounting standards. Also, conduct a needs assessment to determine the best benefits selection and design based on the needs of employees. Calculate the present value of future payments that would be made to the employees as part of the employee benefit plans. Develop actuarial assumptions about future salary increment rates, employment attrition, and mortality rates. Assess whether the company holds the required level of assets to match the employee benefits’ liability. Perform annual certification of funding amounts to the federal government (IRS).

  • 50% Travel required nationally.
  • Telecommuting permitted.
  • Work location includes various unanticipated Deloitte office locations and client sites nationally.

Requirements

Bachelor’s degree or foreign equivalent in Business Administration, Mathematics, Economics, Statistics, Actuarial Science, any STEM field, or a related field. Must have one year of related work experience in the job offered or in a related occupation. Position requires one year of related work experience in each of the following:

  • Utilizing data mining, pattern matching, data visualization, and predictive modelling tools, including Microsoft (MS) Excel, Visual Basic for Applications (VBA), SAS, and Alteryx to produce analysis and algorithms;
  • Creating estimates of probability and likely costs for a given event, including death, natural disaster or sickness;
  • Analyzing the financial consequences of risk using predictive modelling, exposures, historical and industry data, and actuarial methodologies to study uncertain future events, including those of concern to insurance and pension programs;
  • Calculating deferred acquisition costs, unpaid claims liabilities and benefit reserves for general liability and workers' compensation using standard Property and Casualty (P&C) reserving methodologies including Chain Ladder (CLM), Bornhuetter-Ferguson, and Frequency-Severity methods;
  • Validating assumptions applied in projections and testing key actuarial reserve balances using reserving models, actuarial judgement, and sensitivity testing; and
  • Providing analytical and technical support by performing financial statements analysis, including underlying assets performance, projected cash flows, analytics reconciliation, trending analysis, and industry benchmarking and sensitivity analysis utilizing horizontal and vertical analysis, and financial ratios.
  • EOE.

Our people and culture

Our diverse, equitable, and inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our clients' most complex challenges. This makes Deloitte one of the most rewarding places to work. Learn more about our inclusive culture.

Our purpose

Deloitte’s purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments. Learn more about Deloitte's purpose, commitments, and impact.

Professional development

From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.

As used in this posting, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

Requisition code: 142111

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